Red Pill

@redpill

I think the main trade off is whether you want to create a subsidiary billing company in another jurisdiction and deal with running it, accounting, taxes, etc, or simply outsource that to a company like Paddle. In Paddle’s case, they classify themselves as re-sellers and not as payment processors. As such, that would help me avoid any potential…[Read more]

I guess the real question is how much are you going to deposit and can you prove the money is legit? Is it for private banking or daily commercial banking, or both? In general, if I had to choose between Butterfield and FirstCaribbean, I’d probably go with Butterfield.

If I was going to deposit $1m for private banking, I’d probably choose a…[Read more]

I obtained details from Butterfield and CIBC. It’s my impression that a BVI company and a Cayman bank account is a classic combo. Whether or not they’ll open an account for you depends probably more on you and what your company does than the jurisdiction of the company itself. For example, when I first opened my Panama company years ago, I…[Read more]

The primary expense is web hosting and I’ll probably use Amazon Web Services, which allows me to select the currency I want to pay the bill in. So, a USD credit card isn’t a hard requirement. Perhaps even a debit card from OCBC in SGD would work.

Another idea is to use a Panama company and Panama bank account with credit card and a merchant account. I would swap the international wire fees to receive payments for possibly a monthly merchant account fee.

Similarly, a BVI company and Cayman Islands bank account with credit card and merchant account.

Another idea is to use a Panama company and Panama bank account with credit card and a merchant account. I would swap the international wire fees to receive payments for possibly a monthly merchant account fee.

Similarly, a BVI company and Cayman Islands bank account with credit card and merchant account.

I’m starting a new online service that will be offered as an annual subscription, and I’m looking for company structuring ideas.

I’m based out of Panama and am not a US citizen, so the idea is to be as tax efficient as possible. I have yet to incorporate the company and am open to setting up in another country other than Panama.…[Read more]